http://chic.clipsyndicate.com/video/playlist/12513/6833833?cpt=8&wpid=2637
Fri, 17 Mar 2017 16:18:11 +0000Money Talks - Small Business Retirement PlansMoney Talks - Small Business Retirement Planshttp://chic.clipsyndicate.com/video/playlist/12513/6833833?cpt=8&wpid=2637WVLAmany small businesses in the capital area, and -- when you run your own business... you have to run your own retirement too. that's the topic of this week's money talks. 3 welcome to this weeks edition of money talks i'm fred childers and join my chad olivier he is a certified financial planner for small business owners and there are a lot of them out there research according to the us of the nearly 15,000 firm for businesses in the capital region around 89% are considered small business so the questionnaires to make sure that you're taking care of their retirement i need to make sure they are they have some type a retirement plan for the business so that could be a simple aire for the actual business where they can put in $12,500 and the employer match so if the employee makes $30,000 in here $900 if one of the match at all start time account i may be looking for a 1kk with a 401 profit-sharing plan on it but away $53,000 a year to comes off the gross and that he will have to do i hear she will have to contribute to the employees with some type of a match the same situation and possibly a profit part of it to really look at that for 1k so amazing because they have to juggle was going on with business they're worried about their personal finances as well as juggling your business is finances in your own personal finances can certainly be difficult what mistakes did you off everything is their business and so everything goes into the business and all of her assets or tied to those assets so when we were going to we always try to make sure i have different types of accounts set up some diversification going on with world also they need to make sure and it's totally separate assets and realistically if you see s corporation where you are so you are i'm on the employee of mine i get paid a salary and also i get paid i want to the end of the year it's totally 3 separate separate entities it as we find many of them just like oh mingle and things together and you could really get trouble lawsuit anything else anything personal so when you look at the whole picture to make sure that you are the president ceo a look for me it was all everything into this so everything i have goes in and look at it you need to make sure that you're looking thanks 3 chad for this weeks edition of money talks i'm fred childers 3